Financial Toolbox | ![]() ![]() |
SIA Semi-Annual Yield Conventions
Within the SIA framework, all yields and time factors for price-to-yield conversion are quoted on a semi-annual bond basis (see bndprice
, bndyield
, and cfamounts
) regardless of the period of the bond's coupon payments (including zero-coupon bonds). In addition, any yield-related sensitivity (i.e., duration and convexity), when quoted on a periodic basis, assumes semi-annual coupon periods. (See bndconvp
, bndconvy
, bnddurp
, and bnddury
).
![]() | SIA Coupon Date Calculations | Pricing Functions | ![]() |